jerrysnj
jerrysnj
Joined: Jan 8, 2015
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November 22nd, 2015 at 9:37:23 AM permalink
Showboat has not been sold yet but Blatstein and Richard Stockton college have reached a deal for a higher price for a delayed sale. In the meantime Straub is going to court to stop the sale saying he has the right to purchase Showboat.

In the meantime, it's getting colder and Revel doesn't have a contract in place for heat. Straub wants to bring in free standing boilers to be placed on the grounds and connected to the existing heating system. I'm starting to think that Straub will ever open Recel. It wouldn't surprise me to see him implode it.
GWAE
GWAE
Joined: Sep 20, 2013
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November 22nd, 2015 at 3:40:44 PM permalink
What does paying more for a delayed sale mean? If you want to buy it wouldnt you want it right away.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
jerrysnj
jerrysnj
Joined: Jan 8, 2015
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November 23rd, 2015 at 5:27:51 AM permalink
Quote: GWAE

What does paying more for a delayed sale mean? If you want to buy it wouldnt you want it right away.


According to an article in the local paper there is some type of tax advantage for Blatstein to wait until after Jan 1and since it costs the College to maintain the building until next year they reached an agreement for a higher price.
100xOdds
100xOdds
Joined: Feb 5, 2012
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November 23rd, 2015 at 5:40:49 AM permalink
Quote: jerrysnj

According to an article in the local paper there is some type of tax advantage for Blatstein to wait until after Jan 1and since it costs the College to maintain the building until next year they reached an agreement for a higher price.


Stratton college probably has straub to thank for that.

if straub wasn't in the picture, I bet Blatstein could dictate terms to the college since they are desperate to sell.
ie: we're buying in jan 2016. you're eating the costs till then
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
jerrysnj
jerrysnj
Joined: Jan 8, 2015
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November 25th, 2015 at 12:32:38 PM permalink
Straub has reported to have reached an agreement to purchase the power plant that he has been fighting with so he will now be able to heat and power the building. At least the Syrian refugees he said he will put in the building will be comfortable now. In all seriousness I'm hoping this will eventually be good news for the City.
100xOdds
100xOdds
Joined: Feb 5, 2012
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November 26th, 2015 at 6:16:54 AM permalink
Quote: jerrysnj

Straub has reported to have reached an agreement to purchase the power plant that he has been fighting with so he will now be able to heat and power the building. At least the Syrian refugees he said he will put in the building will be comfortable now. In all seriousness I'm hoping this will eventually be good news for the City.


wait.. what?
instead of paying that power company the $ revel owes, he fought them for a year.
now he's going to BUY the plant from them?

so he could have saved a years worth of expenses by doing this on day1?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
GWAE
GWAE
Joined: Sep 20, 2013
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November 26th, 2015 at 6:50:18 AM permalink
Quote: 100xOdds

wait.. what?
instead of paying that power company the $ revel owes, he fought them for a year.
now he's going to BUY the plant from them?

so he could have saved a years worth of expenses by doing this on day1?



Who says he hasn't been trying to. I doubt the deal was reached over tea this week.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
Mission146
Mission146
Joined: May 15, 2012
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November 27th, 2015 at 3:23:06 AM permalink
Time for ACR Energy Partners to be acquired! Here is an Article highlighting the most recent development in the history of the Casino Formerly Known as Revel and whether or not we can actually expect some sort of reasonable timetable for a relaunch now:

http://wizardofvegas.com/articles/revel-again/
Vultures can't be choosers.
Dicenor33
Dicenor33
Joined: Aug 28, 2013
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November 27th, 2015 at 5:11:47 AM permalink
Brilliant move. Looks like someone in this country has brains.

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